Someone who commits the fallacy of composition is likely to assume that
a. the simplest model is the best predictor
b. event B, which follows event A, was caused by event A
c. event B, which follows event A, was not necessarily caused by event A
d. what is true for the individual is also true for the group
e. what is true for the individual is not necessarily true for the group
D
Economics
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The Federal Reserve will engage in a matched sale-purchase transaction when it wants to ________ reserves ________ in the banking system
A) increase; permanently B) increase; temporarily C) decrease; temporarily D) decrease; permanently
Economics
Firms in monopolistically competitive markets can differentiate their products on the basis of: a. geographical location. b. service
c. credit terms. d. all of the above.
Economics